“We regret to inform you, but your financial data might have been stolen.” It’s a scene straight out of your worst nightmare. It’s something that giant auditing firm Deloitte and a small Connecticut-based accounting firm had to deal with when they were hacked. Data breaches affect firms of all sizes, reiterating that the need for stronger cybersecurity for accounting firms is more real — and pressing — than ever.
Why do hackers target law firms? Simply put- The weak cybersecurity of law firms make them an irresistible lucrative easy target for hackers. Not only are they a goldmine for highly sensitive corporate, financial, and personal data, but also because most firms aren’t prepared to fight off such attacks.
Hackers target law firms with a vengeance — An ALM Legal Intelligence’s cybersecurity report, 95% of corporate counsel agree that cyber-attacks are becoming more frequent. But most law firms continue to ignore the threat with nearly one-third not undergoing any formal information, cybersecurity, and privacy assessment.
Just take a look at what happened to global law firm DLA Piper, who, after proclaiming themselves experts on cybersecurity (even offering their services to affected companies through their 24/7 Rapid Response hotline) fell victim to a massive ransomware attack. Ouch.
For days, they were unable to have access to their files and had to revert to good ol’ fashioned texting to manage the law firm’s operations. And with companies losing anywhere from $300,000 to $1.7 million every hour of downtime, it’s not surprising that it’s still reeling from the attack.
“Nothing is certain but death and taxes” — so the old proverb goes. However, for many accountants, the meticulous work that goes into preparing their clients’ tax returns can oftentimes feel like death. With Americans spending a whopping 6 billion hours preparing tax returns, it comes as no surprise that more taxpayers turn to the services of accountants and accounting firms. While this could mean more clients for your accounting firm, it also equates to a heavier workload for your accountants. To help you and your team, here are 3 productivity tips for CPAs this tax season to lighten and streamline your load and make you more efficient this tax season.
There are lot’s of self-serving puff-pieces out on the internet that are thinly veiled sales brochures with little to no useful information – this isn’t one of those!!
Picking an IT Support partner for your Law Firm can be tricky. The best way to avoid a misstep is to follow a systematic approach with your decision, one that helps you check all the boxes and look at this decision in the right way.
Technology Associates ranks among the world’s 501 most strategic and innovative top managed services providers in 2018, according to Channel Futures 11th-annual MSP 501 Worldwide Company Rankings.
The MSP 501 is the first, largest and most comprehensive ranking of managed service providers worldwide. This year Channel Futures received a record number of submissions. Applications poured in from Europe, Asia, South America and beyond. We’re so pleased Technology Associates is announced as one of the top managed services providers in 2018!
On January 8, 2018 Attorney General Josh Stein and Representative Jason Saine announced legislation to strengthen protection against identity theft. There are several key items in this legislation that could have a direct impact on businesses here in North Carolina.
Back in February, I wrote a blog post that detailed the need-to-know information regarding North Carolina’s 2017 Security Breach Report. In this original blog post, I reported that more than 1,000 data breaches were reported to the North Carolina Department of Justice in 2017.